Wrapped Bitcoin (WBTC) Price in USD Near $91K: Latest News, On‑Chain Whales and Forecast for 2025–2030

Quick summary

• Price now: Wrapped Bitcoin (WBTC) is trading around $91,000 per token on November 30, 2025, closely tracking Bitcoin’s own move near $91K. ^[1]
• Market size: Around 125,000 WBTC are in circulation, with a market cap near $11.4 billion, giving WBTC roughly 0.3–0.4% share of the overall crypto market. ^[2]
• Short‑term trend (Nov 24–30): WBTC is up about 6% over the last week but still down roughly 17% over the past month, mirroring Bitcoin’s volatile pullback from all‑time highs. ^[3]
• Key news (Nov 28–30):
  • A heavily leveraged address borrowed $5.5M USDT on Aave and bought 60.07 WBTC at ~$91.2K, leaving 375.07 WBTC pledged as collateral. ^[4]
  • A separate 700‑WBTC whale sell‑off worth about $82.4M earlier in the month is still shaping sentiment around leverage and profit‑taking. ^[5]
• Forecasts: Exchange models see WBTC averaging around $91K in 2025, with wide ranges, and some projections targeting $100K–$155K in 2026 and potentially $190K+ by 2030, assuming Bitcoin continues to grow. ^[6]

Note: WBTC is pegged 1:1 to Bitcoin, so any WBTC price forecast is effectively a Bitcoin price forecast plus a small liquidity premium or discount.

Wrapped Bitcoin price in USD today (30 November 2025)

Across major data aggregators and exchanges, WBTC is currently quoted in a very tight band around $91,000:

• CoinGecko: about $91,238 per WBTC, up roughly 0.9% in 24 hours and 6% over the last 7 days. ^[7]
• Coinbase reference price: about $91,192 per WBTC, with 92% of Coinbase users net‑buying over the last day, indicating mostly bullish positioning. ^[8]
• Gate.com: shows $91,263 with a market cap around $11.4B and circulating supply of ~124.96K WBTC. ^[9]

Internationally, Indian crypto dashboards put Wrapped Bitcoin at roughly ₹8.1–8.2 million per coin, up about 0.7–0.8% on the day, again closely mirroring Bitcoin’s move near the ₹8.16 million mark. ^[10]

Because WBTC is backed 1:1 with Bitcoin held by custodians and redeemable at par, its USD price stays glued to BTC’s spot price, with only small deviations caused by exchange spreads and DeFi liquidity conditions. ^[11]

Price action from 28–30 November 2025

CoinGecko’s daily history gives a clean snapshot of WBTC’s behaviour over the last three days: ^[12]

• Friday, 28 Nov 2025: about $91,163 (+1.0% on the day)
• Saturday, 29 Nov 2025: about $90,684 (a mild intraday pullback, ‑0.5%)
• Sunday, 30 Nov 2025: about $91,238 (+0.9% day‑on‑day, ~6% above last week’s low)

In other words, WBTC has been oscillating in a narrow $90–91K band, digesting earlier volatility where Bitcoin briefly dipped toward $80K in mid‑November before rebounding. ^[13]

Short‑term technical commentary from analytics site StockInvest aligns with this picture: they recorded Saturday’s close near $90,783, noting a small daily gain but categorising WBTC as still inside a “wide and falling short‑term trend” after a multi‑week drawdown. Their model projects a possible range between roughly $67K and $90K over the next three months, underscoring the risk of deeper downside if the broader Bitcoin rally stalls. ^[14]

All key Wrapped Bitcoin news from 28–30 November 2025

Within the 28–30 November window, the most relevant WBTC‑specific news and on‑chain developments revolve around leveraged whale positioning, DeFi usage, and education around cross‑chain bridges.

1. Bullish WBTC leverage on Aave (28 November)

On 28 November 2025, Binance Square relayed PANews data showing an on‑chain analyst tracking address 0x931…3c721, which: ^[15]

• Borrowed 5.5 million USDT from lending protocol Aave over about three hours.
• Sent those funds to another address and bought 60.07 WBTC at an average price of $91,242.6.
• Currently has 375.07 WBTC posted as collateral on Aave, backing about $22.48 million in USDT debt.

Blockchain.News covered the same operation as a renewed leveraged long bet on Wrapped Bitcoin, arguing it could be a signal of confidence in continued upside but also a reminder that macro shocks and regulatory headlines can quickly flip sentiment. ^[16]

Why it matters:

• The position is highly leveraged: even a 10–15% drawdown in BTC/WBTC could push loan‑to‑value into dangerous territory.
• It highlights WBTC’s role as collateral of choice in DeFi—large players are comfortable locking millions in WBTC to borrow stablecoins, amplifying both upside and liquidation risk.

2. Whale sell‑offs still loom large in the narrative

While not inside the 28–30 window, two November whale stories are still shaping how traders interpret the latest Aave leverage:

1. 700‑WBTC whale unwind (OKX, 28 Nov article) – OKX reported that a prominent whale sold 700 WBTC—worth about $82.4 million at the time—realising an estimated $74.9 million profit after accumulating at an average cost near $10.7K four years ago. ^[17]
2. $8.9M WBTC sale amid leverage stress (Bitget, 8 Nov) – Bitget highlighted a 87.12‑WBTC (~$8.9M) sell‑off on November 5, tied to a broader wave of leveraged WBTC liquidations totalling over $31M when BTC slipped below $101K. Another whale avoided liquidation by selling 465.4 WBTC to repay more than $56M in debt. ^[18]

Together with the Aave leverage build‑up on Nov 28, these stories paint a clear picture:

• WBTC is a core asset for large, leveraged players.
• Whale behaviour can quickly flip from aggressive accumulation to forced selling when volatility spikes, adding extra uncertainty to short‑term price forecasts.

3. Educational focus on WBTC, bridges and DAOs (29 November)

On 29 November 2025, OKX published an explainer tying together WBTC, the JustLend protocol and DAOs, with a special focus on blockchain interoperability. The piece: ^[19]

• Re‑emphasised WBTC’s structure as an ERC‑20 token backed 1:1 by Bitcoin, minted and burned via merchants and custodians.
• Discussed how bridges and cross‑chain messaging let assets like WBTC move between ecosystems (Ethereum, TRON, and others).
• Highlighted DAOs as governance mechanisms for protocols that use WBTC as collateral or trading liquidity.

While not a price driver by itself, this content reflects ongoing institutional and retail interest in using WBTC across multiple chains, rather than just parking BTC in cold storage.

Fundamental backdrop: supply, competition and new chains

Market share and supply trends

• Supply & cap today: WBTC’s circulating supply sits around 124,963–125,000 tokens, giving it a market cap of roughly $11.4B at current prices. ^[20]
• Performance: Gate.com’s data shows WBTC is +5.97% over the past 7 days but ‑17.25% over 30 days and ‑5.47% on a one‑year basis, essentially mirroring mid‑November’s Bitcoin drawdown. ^[21]

However, WBTC is no longer the only game in town for tokenised Bitcoin. A detailed August analysis from CoinCentral noted that: ^[22]

• Coinbase’s cbBTC has surged to over 30,500 tokens on Ethereum.
• Over roughly a year, WBTC supply fell about 17% from its September 2024 peak and another 4% in 2025 up to August, signalling a gradual migration toward alternative wrapped Bitcoin products.
• Governance changes involving Justin Sun and Coinbase’s previous delisting of WBTC were among the catalysts for some institutions exploring cbBTC instead.

Despite these competitive pressures, WBTC remains the largest and best‑known synthetic Bitcoin, and newer bridges are still choosing it as their base standard.

New chain integrations in November 2025

November has been important for WBTC’s multi‑chain strategy:

• Hedera integration (13 November 2025): WBTC launched natively on the Hedera network via a partnership between BitGo, BiTGlobalTrust and LayerZero, bringing canonical WBTC (backed by real BTC in BitGo custody) to Hedera’s institutional‑grade DeFi ecosystem. The system uses a Decentralized Verifier Network to validate cross‑chain transfers while keeping each WBTC fully backed and auditable. ^[23]
• LayerZero omnichain routing (September 2025): Coindesk reported that BTCFi project BOB and LayerZero unlocked native BTC → wBTC.OFT routing across 11 major blockchains, allowing nearly 15,000 dApps to tap wrapped Bitcoin liquidity with minimal bridging friction. More than $2.3B in wBTC.OFT has already moved through this network. ^[24]

These expansions reinforce WBTC’s role as a liquidity bridge for Bitcoin into DeFi, even as direct competitors like cbBTC and tBTC gain traction.

Short‑term Wrapped Bitcoin price outlook (weeks to three months)

Because WBTC is pegged to Bitcoin, short‑term WBTC price scenarios are essentially Bitcoin scenarios. Still, we can blend current technicals and whale activity into a structured view.

What the models are saying

• Technical models (StockInvest):
  • Rate WBTC a “sell candidate” since mid‑November.
  • Expect, with 90% probability, that WBTC could trade between roughly $67,400 and $90,100 over the next three months if the current falling trend persists. ^[25]
• Exchange sentiment (Coinbase):
  • Around 92% of Coinbase users are net buyers of WBTC over the last 24 hours, and social sentiment around WBTC is evaluated as strongly bullish, even as news volume remains low. ^[26]

Key short‑term bullish factors

1. Robust rebound from sub‑$90K dips – After testing lows in the high‑80Ks this month, WBTC has reclaimed the $90–91K zone and held that level across the final days of November, supported by a 6% weekly gain. ^[27]
2. Leveraged accumulation on Aave – The Nov 28 Aave whale, who now has 375+ WBTC pledged, is effectively betting that WBTC/BTC will at least stay stable or grind higher; otherwise they risk liquidation. ^[28]
3. Macro narrative still constructive – Mainstream crypto coverage notes Bitcoin near $91K and often frames the move as “steady growth” after ETF‑fuelled inflows, even if pullbacks remain a risk. ^[29]

Key short‑term bearish factors

1. Whale profit‑taking overhang – The 700‑WBTC and 87‑WBTC sales earlier in November show that large holders are willing to lock in massive profits, capping rallies when price runs too far too fast. ^[30]
2. Technical downtrend on some timeframes – Sites like StockInvest still register WBTC as being in a falling trend channel, having lost around 17% in the last month despite the most recent bounce. ^[31]
3. High leverage in DeFi – Heavy Aave borrowing against WBTC increases the risk of cascade liquidations if Bitcoin sees another sharp move lower, just as we saw when BTC briefly plunged toward $80K and some Aave whales were wiped out. ^[32]

Short‑term base case (not financial advice)

Putting this together, a reasonable, non‑guaranteed base case for the coming weeks is:

• Likely range: consolidation between roughly $88K and $95K, with fast spikes above $95K possible if ETF flows and macro data skew bullish.
• Risk scenario: a break below recent support near the high‑80Ks could open room toward the mid‑70Ks to high‑60Ks, which aligns with some technical models’ worst‑case three‑month ranges. ^[33]

As always, this is speculation, not certainty—and because WBTC simply mirrors BTC, any Bitcoin shock (ETF outflows, regulatory clamp‑downs, macro surprises) will be reflected one‑for‑one in the WBTC/USD chart.

Medium‑ to long‑term forecast: 2025–2030

Forecast sites and exchanges publish algorithmic projections for WBTC based on historical volatility, correlation patterns and Bitcoin growth assumptions. They should be treated strictly as rough scenarios, not as price targets you can rely on.

Exchange model projections (Gate.com)

Gate.com publishes a year‑by‑year forecast for Wrapped Bitcoin that, at today’s price, looks like this: ^[34]

• 2025:
  • Average: ~$91,263
  • Range:$84,875 – $118,642
• 2026:
  • Average: ~$104,953
  • Range:$94,458 – $154,281
• 2030:
  • Average: ~$189,048
  • Range:$113,429 – $211,734

Because WBTC is pegged to BTC, these forecasts are effectively Bitcoin price scenarios that assume:

• Continued institutional adoption (e.g., growing spot BTC ETF holdings). ^[35]
• A maturing DeFi and BTCFi ecosystem, in which tokenised Bitcoin keeps finding new yield and collateral use cases across Ethereum, Solana, Hedera, Base and others. ^[36]

How realistic are these numbers?

• The 2030 average near $190K implies a bit more than 2x from today’s $91K level over five years—aggressive, but not unprecedented in Bitcoin’s historical boom‑and‑bust cycles. ^[37]
• On the other hand, technical models like StockInvest’s three‑month forecast pointing toward a possible move to the high‑60Ks remind us that multi‑month drawdowns of 20–40% are still common even in strong bull cycles. ^[38]

A more conservative way to read these forecasts is not as promises, but as a probability cloud:

• WBTC could spend much of 2025–2026 oscillating in a broad $70K–$150K band, with occasional breakouts in either direction depending on macro conditions and regulatory news.
• By 2030, if Bitcoin maintains or grows its role as “digital gold” and DeFi infrastructure for BTC continues to mature, prices near or above today’s level remain plausible, but large drawdowns and long flat periods remain just as plausible.

Risks to any WBTC price forecast

Whether you’re watching WBTC for trading or just to understand Bitcoin’s DeFi footprint, there are several structural risks that can invalidate any forecast:

1. Custodial and governance risk
   WBTC relies on custodians like BitGo and a DAO‑style governance structure to maintain its 1:1 BTC backing. While there have been no major protocol‑level hacks recently, any failure in custody, governance disputes or loss of market trust could cause WBTC to trade at a discount to BTC or see its supply shrink further as users migrate to more decentralised alternatives like tBTC or custodian‑issued cbBTC. ^[39]
2. Bridge and smart‑contract exploits
   WBTC now lives on Ethereum, Hedera, Solana and multiple other chains via bridges and omnichain standards. Past bridge hacks on other networks show that multichain setups can be vulnerable, even if the core custodian is secure. ^[40]
3. Regulatory changes around DeFi and tokenised Bitcoin
   New rules in the US, EU or UK targeting DeFi lending, stablecoins or tokenised Bitcoin could affect how WBTC can be used as collateral or listed on regulated venues, which in turn influences liquidity and spreads. ^[41]
4. Competition from other wrapped BTC products
   With cbBTC growing and tBTC pushing a more decentralised model, WBTC may lose market share even if Bitcoin keeps rising. That might not hurt WBTC’s per‑token price (it will follow BTC), but it could cap its growth in DeFi dominance and reduce its systemic importance over time. ^[42]

What this means if you follow WBTC

If you’re tracking Wrapped Bitcoin for trading, DeFi strategies or macro analysis:

• Treat WBTC/USD as a proxy for BTC/USD, but keep a close eye on DeFi leverage, especially large Aave positions like the 375‑WBTC whale, because they can accelerate both rallies and crashes. ^[43]
• Remember that WBTC’s core value proposition is utility, not outperformance: its job is to bring Bitcoin into DeFi. Long‑term returns will be almost identical to holding BTC itself, plus or minus small basis differences. ^[44]
• Be aware that wrapped assets add layers of risk—custodians, bridges, and protocols—on top of Bitcoin’s base‑layer risk. Yield and flexibility always come with trade‑offs.

And crucially:

Nothing in this article is financial advice. Cryptocurrencies, including WBTC and BTC, are highly volatile and can result in substantial losses. Always do your own research and consider speaking to a qualified financial professional before making investment decisions.

References

1. www.coingecko.com, 2. www.coingecko.com, 3. www.coingecko.com, 4. www.binance.com, 5. www.okx.com, 6. www.gate.com, 7. www.coingecko.com, 8. www.coinbase.com, 9. www.gate.com, 10. www.latestly.com, 11. www.coingecko.com, 12. www.coingecko.com, 13. cryptorank.io, 14. stockinvest.us, 15. www.binance.com, 16. blockchain.news, 17. www.okx.com, 18. www.bitget.com, 19. www.okx.com, 20. www.coingecko.com, 21. www.gate.com, 22. coincentral.com, 23. genfinity.io, 24. www.coindesk.com, 25. stockinvest.us, 26. www.coinbase.com, 27. www.coingecko.com, 28. www.binance.com, 29. www.latestly.com, 30. www.okx.com, 31. stockinvest.us, 32. cryptorank.io, 33. stockinvest.us, 34. www.gate.com, 35. www.coindesk.com, 36. genfinity.io, 37. www.gate.com, 38. stockinvest.us, 39. messari.io, 40. genfinity.io, 41. coincentral.com, 42. coincentral.com, 43. www.binance.com, 44. www.coingecko.com